Electric Vehicle - Tesla CEO ~ Bet On Capacitors

Interesting statement from Elon Musk, CEO from the electric vehicle manufacturer Tesla, where he think SuperCaps will be the next big thing in the vehicle industry. So far most manufacturers are going the battery approach, because of the power density they pack over SuperCaps. If some breakthrough in SuperCaps results in comparable or even a better power density than batteries, they might change the gameyet again. SuperCaps are a lot cheaper to manufacture, a welcome change in the EV industry where approximately 1/3 to 1/2 of the cost of a vehicle is caused by the battery.

Tesla’s CEO Elon Musk says he bets that it could be capacitors — rather than batteries — that deliver an important breakthrough for electric transportation. “If I were to make a prediction, I’d think there’s a good chance that it is not batteries. But capacitors,” said Musk at the Cleantech Forum in San Francisco on Wednesday.